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What is Trezor?

Trezor is a hardware wallet for the storage of various kinds of cryptocurrency. This secure storage system is unique in that it also offers the ability to spend with ease, without compromising safety.

Even in a worst case scenario of theft, the only way to access funds is by activating the pin code. This tiny device connects through USB and is portable while still capable of holding large quantities of crypto of different kinds.

In this review you’ll learn all about this wallets capabilities and what it has to offer for storage.

User Experience

Trezor is a widely used wallet due to its reliability and security. People often said it functioned quickly without error, and that it allowed then to spend their crypto without worry. The feedback given also included the fact that there was a small learning curve in setting things up, but once it’s up and running it is responsive and fast acting according to many users.

Usability

To begin using your Trezor you have to download their free Trezor Bridge which is available on the official website. This opens up a connection between the hardware and the wallet.

You can fully integrate your experience on this wallet by sharing your public key to gain funds, looking at all your different balances if you have a portfolio, and more.

If you’d like to start sending funds you’d have to put in your pin for security reasons. This ensures that in the case of theft, only a pin would finalize a transfer. For enhanced security you can set up a passphrase though it’s necessary to remember this information since if lost, there is no way to recover your wallet.

The interface is fairly easy to use and makes sense; you can click on different tabs and adjust setting to your liking.

Safety

Unlike exchanges which hold your private keys, with the Trezor you are in charge of this sensitive information. You’re able to add in a passphrase as an additional security measure to join your pin number.

If you fail to put the right pin number every wrong guess turns doubles the amount of time needed to wait before trying again.

Trezor also offers a way to access your funds and send them while still being secure and not risking putting your private keys online. Other wallets do not offer this level of security, as some require you to expose your private key when you want to spend, putting you at risk for potential hacking.

For enhanced safety you can even set up your Trezor offline by using the Chrome extension.

Ease of Use

All you need to connect your Trezor is a USB source on your computer of choice. The great thing about this connection is that even if the computer you are using is infected, you still aren’t at risk of losing funds. The reason for this is because since it’s a USB based wallet, it’s not possible to transmit Malware for example.

If you happen to lose your Trezor you’d still be able to recover all your funds and data as long as you provide the seed recovery words. Trezor is also open sourced, so you can look at all the data to verify that it’s not compromised.

Trezor vs Ledger Nano S

The ledger uses stainless steel and is smaller than the Trezor. You also get the option of storing more coins such as Ripple, Zcash, Stratis, Ark, Komodo, Neo, Stellar and many others. Ledger costs less though both can be bought at discounts if you buy them on 3rd party websites. They have been known to sell out, though they are up to date on their preorders and they have updates for when they will start reselling.

Trezor vs KeepKey

KeepKey offers the storage of Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, Namecoin, and Dogecoin. The actual hardware is a bit larger than the Trezor and on it you can read data such as words needed to perform a recovery. When performing a transaction you have to manually select whether or not this is what you’d like to do, right on the device itself. You can get their classic look device for $129 new, or for even cheaper on Amazon.

Trezor vs Coinbase

Coinbase is a major exchange for crypto that allows people to make purchases using a bank wire, debit card, or credit card. The fees tend to be slightly higher due to the fact that it’s made for easy use, and it requires much less identification for basic transactions. While they do offer storage of crypto for free, it’s often not recommended to do so. You’ll often be recommended to store your crypto away from exchanges to prevent the potential threat of hacking.

Trezor vs Paper Wallet

A cheap and safe way to store your cryptocurrency is by making a paper wallet. You can make a print out where your public and private keys are stored, and hold it in a secure location. Ideally this would be useful if you trust that this data would not be leaked, and that the paper won’t be lost. You’re able to avoid ever having your public information online, as long as you follow the necessary steps by getting an off-line print out of your paper wallet.

In this scenario it might be useful to print multiple copies and not having it in exposed areas to prevent loss and theft of your private keys.

Trezor vs Exodus

Exodus allows you to store various kinds of cons, including major alt coins. Exodus is software that must be downloaded to a computer, at this time they do not offer mobile use. Their interface is easy to use and offers a lot of data for people to manage their currency while setting up trades. You can also view what the current value is of your crypto, and you can customize your settings.

Though the security isn’t as useful since it does not have 2FA, people did enjoy its impressive display and impressive interface.

Trezor FAQ

Is there a Trezor Amazon listing?Yes, you can find used and new versions on Amazon and in different colors.

Where can I buy Trezor?Different locations including their official website and Amazon offer Trezor.

How does Trezor work?This is a secure method of retaining certain kinds of coin through pin based hardware. If your Trezor is stolen thieves would have to have your pin code in order to retrieve any funds. This essentially allows you store a portfolio in a secure location.

How to transfer from Coinbase to Trezor?Simply log into your Trezor, select the crypto you’re looking to exchange, hit receive to find your Trezor address, and on Coinbase paste the address that you are going to be sending your crypto to.

How to send Ethereum to Trezor?You can connect your Trezor via MyEtherWallet and the transfer can begin. Al you do is log in to the Trezor and transfer the amount you’re looking to exchange.

Does Trezor accept Monero?It does not currently accept Monero though it may in the future.

Is there a Trezor promo code?Occasionally there may be a promo code at this time there is none available.

Does Trezor hold Bitcoin Cash?Yes it offers storage for BCH.

Does Trezor hold Litecoin Cash?Not at this time, only traditional LTC.

Will Trezor hold Bitcoin Gold?Yes it does hold BTG.

Summary

Trezor is a major hardware wallet that offers full security features and simple use once you figure out how it works. They have added security measures with their 2FA, letting you use not just a pin, but also word seeds. If you were to lose it you’d be able to recover all your data with these pass phrases. Even if lost, thieves would have to know your pin number in order to access it, so if you remember your pass phrases you should be able to make a smooth recovery.

As of now there are only select cryptocurrencies which can be stored here, including many major coins. Consumers often gave it high regards, and it has a high rating on Amazon at 4 and a half stars. If you’re investing in cryptocurrency and don’t mind spending around $100 for a Trezor, than it might be worth the investment. Users often give it a high rating and say it gives them the peace of mind knowing their private information is not open for compromise.

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Peter Lehmann

Peter is a blockchain investor and cryptocurrency writer at Vkool.com. Since 2014 Peter has advised blockchain startups and ICOs on content marketing, strategy and business development.

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